Visa Reports Rise in Quarterly Profit -- 2nd Update

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

By Robin Sidel And Josh Beckerman Visa Inc. reported quarterly earnings that topped Wall Street expectations as the company posted growth in payment volume and announced a four-for-one stock split. The increase, which sent shares up in after-hours trading, came ...

Japan Shares Lead Asia Mostly Higher

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

Stocks in Japan led Asia mostly higher Friday with electronics maker Toshiba Corp.'s shares rising on its sharp earnings growth. The Nikkei Stock Average was up 0.9%, and the S&P; ASX 200 was up 0.7%, each tracking gains in the ...

Shake Shack Prices IPO Above Expectations

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

By Corrie Driebusch Thanks to hearty investor appetite, Shake Shack Inc.'s initial public offering priced well above expectations, netting the burger chain a valuation of $745.5 million. The restaurant chain, which calls itself a "modern day roadside burger stand," priced ...

UK Consumer Credit Slows in December

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

By Jon Sindreu and Jason Douglas LONDON--Credit to U.K. households grew in December at the slowest pace in more than a year, figures from the Bank of England showed Friday. Total lending to individuals increased by 2.2 billion pounds ($3.3 ...

Eurozone Consumer Prices Fall

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

Consumer prices in the eurozone fell more sharply and more broadly in January, heightening the risk of a slide toward deflation that the European Central Bank hopes to halt and then reverse through its new bond-buying program. The European Union's ...

Thailand's Economic Recovery Remains Soft in December

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

By Nopparat Chaichalearmmongkol BANGKOK--Private consumption and investment in Thailand remained weak in December as both households and businesses spent cautiously in the face of an uncertain global and domestic economy, data from the central bank showed Friday. Thailand's private consumption ...

Principal Financial Tops Earnings Estimates, Boosts Dividend

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

By Josh Beckerman Principal Financial Group Inc. said fourth-quarter operating earnings rose 13% as it posted increases in revenue and assets under management. The provider of insurance and retirement plans also increased its quarterly dividend to 36 cents, from 34 ...

Senate Committee Passes New Iran Sanctions Bill

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

WASHINGTON--The Senate Banking Committee easily approved a new bipartisan sanctions bill Thursday on Iran, raising the likelihood that new financial penalties on Iran will be passed into law before a final June diplomatic deadline for an agreement on Tehran's nuclear ...

Plunging Oil Continues to Weigh on Japan Inflation

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

TOKYO--Japan's inflation rate decelerated in December to its lowest level in a year and half, weighed down by plunging global oil prices, data released Friday showed. But on a more positive note, the country's jobless rate sank to its lowest ...

European Stocks Rise as Oil Steadies

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

By Tommy Stubbington European stocks rose Friday, boosted by a late rise on Wall Street. The Stoxx Europe 600 was 0.4% higher in early trade, reversing the previous day's decline, leaving the index marginally lower this week. The gains echo ...

China 2014 Fiscal Revenue Growth Slows

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

BEIJING--China's fiscal-revenue growth slowed to its lowest pace in more than two decades last year amid sluggish economic growth, official data showed Friday. Fiscal revenue was 14.035 trillion yuan ($2.2 trillion) in 2014--up 8.6% from a year earlier, the Ministry ...

German Retail Sales Edged Up in Dec, Grew Solidly on Year

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

By Emese Bartha FRANKFURT--German retail sales rose less than expected in December, but the annual figures suggest that consumption continued to act as a pillar to economic growth in the final quarter of last year. Retail sales in December rose ...

Spain's Economic Growth Accelerates

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

MADRID--Spain's economic growth accelerated in the fourth quarter as consumer spending bounced despite deepening deflation, statistics institute INE said Friday. The eurozone's fourth-largest economy grew 0.7% in the three months to December compared with the previous quarter, INE said. That ...

A Battle Brews Over Bids For Broker

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

(FROM THE WALL STREET JOURNAL 1/30/15) By Liz Hoffman, Katy Burne and Telis Demos A takeover fight between hard-charging rivals over a broker to Wall Street's biggest banks is coming to a head, a showdown that has split the firm's ...

Justice Department Drops Insider-Trading Charges

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

By Christopher M. Matthews New York federal prosecutors dropped charges against five men they previously accused of insider trading Thursday, the latest casualty of an appeals court ruling last month that upended the government's ability to bring such charges. Prosecutors ...

Russia Official Warns New Forecast Will Be "Harsh"

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

MOSCOW--Russia's government will soon present a new economic forecast, which will be "very harsh", the Deputy Prime Minister said Friday. A combination of sanctions and falling oil prices is expected to push Russia into a recession this year, and the ...

Dollar Lower Against Yen on Profit Taking, Selling by Exporters

TODAY: Jan. 30, 2015 PUB DATE: Jan. 30, 2015

By Hiroyuki Kachi The dollar was lower against the yen in Asian trade Friday, pulled down by profit taking and selling by corporate investors related to end-of-the month commercial trade settlement. Around 0450 GMT, the dollar was down to Y117.97 ...